1,845 Quanta Services, Inc. $PWR Shares Sold by Axxcess Wealth Management LLC

Key Points

• Axxcess Wealth Management cut its Quanta Services stake by 46.5% in the third quarter, selling 1,845 shares and retaining 2,125 shares valued at approximately $1.365 million. Institutional investors collectively own 90.49% of the company.
• Quanta Services recently exceeded quarterly expectations, reporting $4.24 in EPS versus a $3.31 consensus estimate and $9.56 billion in revenue, up 41.1% year over year. Analysts expect upcoming earnings and guidance to be key catalysts amid concerns about the stock’s elevated valuation and recent decline.
• The stock carries a consensus “Moderate Buy” rating with a $761.24 target price, although several firms recently downgraded it to “Hold.” Quanta also pays a quarterly dividend of $0.11 per share, equivalent to a 0.1% yield.

Axxcess Wealth Management LLC lessened its position in Quanta Services, Inc. (NYSE:PWR - Free Report) by 46.5% in the 3rd quarter, according to the company in its most recent filing with the SEC. The institutional investor owned 2,125 shares of the construction company's stock after selling 1,845 shares during the quarter. Axxcess Wealth Management LLC's holdings in Quanta Services were worth $1,365,000 as of its most recent filing with the SEC.

Other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. Cornerstone Financial Management LLC boosted its stake in shares of Quanta Services by 70.4% during the 2nd quarter. Cornerstone Financial Management LLC now owns 46 shares of the construction company's stock valued at $33,000 after buying an additional 19 shares during the period. Boreal Capital Management LLC purchased a new position in shares of Quanta Services during the 1st quarter valued at $27,000. JNBA Financial Advisors increased its stake in shares of Quanta Services by 1,733.3% in the second quarter. JNBA Financial Advisors now owns 55 shares of the construction company's stock worth $40,000 after acquiring an additional 52 shares during the last quarter. Brown Lisle Cummings Inc. raised its holdings in shares of Quanta Services by 825.0% during the first quarter. Brown Lisle Cummings Inc. now owns 74 shares of the construction company's stock worth $41,000 after acquiring an additional 66 shares in the last quarter. Finally, Markowski Investments purchased a new stake in shares of Quanta Services during the second quarter worth $55,000. Institutional investors and hedge funds own 90.49% of the company's stock.

Key Headlines Impacting Quanta Services

Here are the key news stories impacting Quanta Services this week:

• Positive Sentiment: Exposure to grid modernization and AI infrastructure: Polen Capital highlighted Quanta Services as a beneficiary of long-term investment in power-grid modernization and infrastructure supporting artificial intelligence. This supports the bullish view that demand for the company’s engineering and construction services can remain strong. Quanta Services, Inc. (PWR) Offers Exposure to Grid Modernization and AI Infrastructure
• Positive Sentiment: Potential earnings beat: Zacks said Quanta has factors supporting a possible earnings beat in its upcoming quarterly report, including favorable earnings expectations and its Earnings ESP indicator. A stronger-than-expected result or outlook could help stabilize the shares. Quanta Services Earnings Expected to Grow
• Neutral Sentiment: Earnings are the next major catalyst: Quanta is scheduled to report results on Thursday, making revenue, margins, backlog and forward guidance particularly important after the recent share-price weakness. Quanta Services Set to Post Earnings on Thursday
• Neutral Sentiment: Analysts are also screening Quanta among construction companies that could beat quarterly estimates, reinforcing the possibility of a positive earnings surprise but offering no new company-specific results. Construction Stocks That Could Beat Earnings
• Negative Sentiment: Broad selloff and bearish options positioning: PWR declined substantially in the latest session, while unusually high put-option activity suggests traders are hedging against—or speculating on—additional downside. The move may also reflect profit-taking and concern that the stock’s premium valuation leaves little room for disappointment. Traders Buy High Volume of Quanta Services Put Options

Quanta Services Stock Down 1.0%

Shares of PWR opened at $546.89 on Friday. The company has a current ratio of 1.10, a quick ratio of 1.05 and a debt-to-equity ratio of 0.56. Quanta Services, Inc. has a 12 month low of $408.36 and a 12 month high of $788.75. The firm's 50 day moving average is $640.38 and its 200-day moving average is $663.20. The stock has a market capitalization of $82.22 billion, a PE ratio of 62.64, a P/E/G ratio of 1.63 and a beta of 1.27.

Quanta Services (NYSE:PWR - Get Free Report) last announced its quarterly earnings data on Thursday, July 30th. The construction company reported $4.24 earnings per share for the quarter, beating the consensus estimate of $3.31 by $0.93. Quanta Services had a return on equity of 20.55% and a net margin of 4.03%. The firm had revenue of $9.56 billion during the quarter, compared to analysts' expectations of $8.61 billion. During the same period in the previous year, the firm earned $2.48 EPS. The company's quarterly revenue was up 41.1% compared to the same quarter last year. Quanta Services has set its FY 2026 guidance at 16.450-16.950 EPS. Equities research analysts forecast that Quanta Services, Inc. will post 15.37 EPS for the current year.

Quanta Services Announces Dividend

The firm also recently declared a quarterly dividend, which was paid on Friday, October 9th. Stockholders of record on Thursday, October 1st were issued a dividend of $0.11 per share. The ex-dividend date of this dividend was Thursday, October 1st. This represents a $0.44 dividend on an annualized basis and a dividend yield of 0.1%. Quanta Services's payout ratio is 5.04%.

Analyst Ratings Changes

A number of research analysts have commented on the company. Wall Street Zen downgraded Quanta Services from a "buy" rating to a "hold" rating in a research note on Saturday, September 12th. Zacks Research downgraded Quanta Services from a "strong-buy" rating to a "hold" rating in a research note on Monday, October 5th. KeyCorp upgraded Quanta Services from a "sector weight" rating to an "overweight" rating and set a $807.00 price target for the company in a report on Friday, August 7th. BTIG Research cut Quanta Services to a "hold" rating in a research note on Friday, July 31st. Finally, Robert W. Baird set a $728.00 price objective on shares of Quanta Services in a research report on Friday, July 31st. Twenty-three investment analysts have rated the stock with a Buy rating, seven have given a Hold rating and three have assigned a Sell rating to the company. Based on data from MarketBeat, the stock currently has a consensus rating of "Moderate Buy" and a consensus target price of $761.24.

About Quanta Services

Quanta Services, Inc is an infrastructure solutions provider headquartered in Houston, Texas. The company designs, installs, repairs, maintains and upgrades essential infrastructure for the electric power, communications, pipeline, industrial and energy industries.

Its services include electric transmission and distribution construction, substation and renewable-energy infrastructure, storm restoration, fiber-optic and wireless communications networks, natural gas and pipeline construction, and related engineering and maintenance work.

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